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Report Cites Continued Abuse at Marange Mines
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Residents and artisanal miners in Zimbabwe's Marange region are still experiencing human rights abuses at the hands of security personnel employed at the diamond mines in the area, a recent report charged.The report, compiled by the Centre...
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Fair Trade
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Apr 21, 2013
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Deena Taylor
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Botswana Diamonds Acquires Mozambique Exploration License
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Botswana Diamonds acquired an additional license to evaluate diamond prospects on the Save River in Mozambique, close to Zimbabwe's border.The company signed an agreement with Mozambique-based Morminas, a subsidiary of the EIP group of Portugal. The license is in addition to another...
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Mining
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Apr 11, 2013
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Deena Taylor
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Botswana Diamonds Enters Option Agreement With Morminas
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Botswana Diamonds entered into an option agreement with a Mozambican company, Morminas, a subsidiary of EIP Group of Portugal to evaluate two license blocks on the Save River in Mozambique, close to the border with Zimbabwe. Morminas holds a 100...
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Mining
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Mar 19, 2013
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Jeff Miller
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EU Eases Sanctions on Zimbabwe
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The foreign affairs council of the European Union (EU) suspended a travel ban on six members of Zimbabwe's government and agreed to remove 21 people and one company from its sanctions list. The names were not...
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Fair Trade
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Feb 18, 2013
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Jeff Miller
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The Rough Reality of 2012
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The 2011 global production data published by the Kimberley Process (KP) last week presented a vastly different market scenario than what is the reality today. Then again, a very different atmosphere has engulfed the...
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Rough Markets
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Aug 10, 2012
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Avi Krawitz
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Catoca Mine's Production +1% in 2011
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Production at the Catoca mine in Angola rose 1 percent year on year to 6.780 million carats in 2011, but the volume of carats sold fell 1 percent to 6.758 million. Sales rose 16 percent year on year to $611.3 million with...
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Mining
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Aug 06, 2012
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Avi Krawitz
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Maguwu Defines Diamond Issues in Zimbabwe
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Martin Rapaport, the chairman of the Rapaport Group, interviews Farai Maguwu, the director of Centre for Research & Development in Zimbabwe, on current issues facing the diamond industry. Maguwu discusses the status of human rights...
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Fair Trade
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Jul 03, 2012
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Rapaport News
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UN Human Rights Commissioner to Visit Marange Fields
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United Nations' human rights commissioner Navanethem Pillay will conduct a field visit to the Marange diamond fields during her upcoming visit to Zimbabwe. During her Zimbabwe visit, which will begin on May 20, Pillay...
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Fair Trade
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May 06, 2012
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Deena Talyor
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The Apple Effect
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The recent protests against the labor conditions at tech giant Apple’s manufacturing facilities in China should serve as a wake-up call for the diamond industry. At the end of the day, ill-advised corporate social responsibility and...
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Rough Markets
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Feb 17, 2012
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Avi Krawitz
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Zimbabwe Diamonds Won’t Affect De Beers, Says Mellier
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The large quantities of rough diamonds from Zimbabwe’s Marange mines currently entering the market will have little impact on demand for De Beers goods or its prices, Philippe Mellier, De Beers chief executive, told Rapaport...
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Rough Markets
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Feb 12, 2012
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Avi Krawitz
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Counting Carats
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If one clear trend has evolved in the diamond market during the past six months, it is that businesses are more carefully managing their inventories, as expected given the prevailing global economic uncertainties. It is as true in the...
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Rough Markets
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Feb 03, 2012
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Avi Krawitz
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Zim's Finance Minister Decries U.S. Sanctions
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In a letter written to the U.S. assistant secretary of treasury, Charles Collyns, Zimbabwe’s finance minister, Tendai Biti, decried the U.S.’s placement of two Zimbabwe companies, Mbada Diamonds and Marange Resources, on its sanction list. Marange...
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Fair Trade
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Jan 16, 2012
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Ricci Dipshan
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Cautious India
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India’s diamond trade is cautious about the year ahead. By default, so is everyone else, given the country’s dominant position in the market. It is therefore worth taking note that many in Mumbai and Surat are anticipating a challenging...
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Polished Markets
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Jan 13, 2012
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Avi Krawitz
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RapNet to Hold Conference Call on Marange Diamond Ban
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PRESS RELEASE, December 20, 2011, New York: Martin Rapaport, Chairman of the Rapaport Group will be addressing the Group’s policy of trading Marange diamonds in conference calls on Thursday, December 22, 2011 at 3:00 p.m. Mumbai time and again at 12:00 p.m. New York time. All 6,750...
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Fair Trade
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Dec 20, 2011
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Rapaport
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India Releases Marange Rough Seized From Surat Diamond Firm
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India’s Directorate of Revenue Intelligence (DRI) has released a consignment of rough diamonds worth $22.7 million (INR 1.20 billion) seized from Arjav Diamonds (India) Pvt. Ltd., the Times of India reported. The goods were released after the company and the Gems & Jewellery Export...
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Fair Trade
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Dec 20, 2011
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Rapaport News
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Competitive NGO’s
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The recent withdrawal of Global Witness from the Kimberley Process Certification Scheme (KPCS) generated much press coverage and interest. The move was inevitable but timely. The group’s frustrations reached a tipping point...
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Fair Trade
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Dec 16, 2011
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Avi Krawitz
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SRDSIL Buys $5M Worth of Rough from ALROSA
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Surat Rough Diamond Sourcing (India) Ltd. (SRDSIL), a consortium of Indian diamantaires, has purchased rough worth $5.2 million from ALROSA, its first direct supply from the Russia-based diamond mining company."They had some...
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Rough Markets
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Nov 22, 2011
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Dilipp S Nag
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EU Welcomes Kimberley Process Decision on Marange Exports
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The European Union's European Council welcomed the Kimberley Process agreement reached in Kinshasa yesterday regarding the export and sale of Marange rough diamonds, calling the decision a way forward for the certification scheme...
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Rough Markets
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Nov 02, 2011
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Deena Taylor
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GJEPC Welcomes Resolution on Marange Rough Exports
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The Gem & Jewellery Export Promotion Council (GJEPC) expressed relief over the prospect of a Kimberley Process resolution yesterday on the dispute of rough diamond exports from mining operations in the Marange region of Zimbabwe."This will...
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Fair Trade
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Nov 02, 2011
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Dilipp S Nag
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Rough Markets
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Oct 28, 2011
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Jeff Miller
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